The country's chief economic adviser K. Subramanian's resignation will return to the field of education

Arvind Subramanian was appointed a year after his departure.

New Delhi: The country's chief economic adviser Krishnamuthi Venkata Subramanian has announced his resignation. He posted and announced his resignation. But his resignation is not going to take effect immediately. He will retire on December 6 at the end of his term. He was appointed on December 7, 2018 for a period of three years after the departure of Arvind Subramaniam. They will return to their previous roles in education.

He has announced his resignation ahead of the budget exercise for the financial year 2022-23, which begins on October 12. Sources said the government will soon start the selection process for this and invite applications for new appointments. Even if his successor is appointed on time, he will have very little time for the economic survey for the financial year 2021-22.

Subramanian took over the post on December 7, 2018. He took over the post at a time when his predecessor, Arvind Subramanian, was just a year away from completing his term. He returned to America.

Subramaniam, 50, insisted that he had the overwhelming support of the government and that his relationship with senior officials had been cordial. He lauded Prime Minister Narendra Modi's understanding of economic policies and inspiring leadership and hoped that it would improve the lot of millions of Indians. Finance Minister Nirmala Sitharaman praised him as a scholar. He believed that it was very important to have a personality like Nirmala Sitharaman in the organizational structure. Thanked him for his support.

Subramanian has been the pioneer of the last three economic surveys. Even though the last two years have been extremely bad because of Corona, they are adamant about a V-shape economic recovery. He likened the exercise of selecting a team for an economic survey to selecting an Indian cricket team. "You have to choose the most talented people for this," he said. He said that the team selected in this way has to be motivated like Ganguly. This incredibly talented team of mine and the Economic Service Officers have done their job extremely competently.

Prior to becoming an Economic Adviser, Subramanian was an Associate Professor of Finance and Executive Director of the Center for Analytical Research at the Indian School of Business. He holds a PhD in Financial Economics from the Booth School of Business from the University of Chicago. He holds an engineering degree from the Indian Institute of Technology in Kanpur.